I think you're missing the deep cynicism there. I don't think the stress or long hours can be done away with, but there are ways that the reward can be made worth it. I don't think that the monetary situation can be changed by fiat. The problem there is that there is an oversupply of labor, and trying to wave a magic wand to fix (monetary) compensation without recognizing the supply/demand curve is going to cause problems: Namely, that the demand for scientists will go down, and the promotion of scientists will become increasingly arbitrary. Instead of getting better scientists, we'll be paying a smaller number of bad scientists more money.